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Just Dew it Corporation reports the following balance sheet information for 2014 and 2015. JUST DEW IT CORPORATION 2014 and 2015 Balance Sheets Liabilities and
Just Dew it Corporation reports the following balance sheet information for 2014 and 2015. JUST DEW IT CORPORATION 2014 and 2015 Balance Sheets Liabilities and Owners' Equity Assets 2014 2015 2014 2015 Current assets Current liabilities 12,250 46,400 52,750 Cash 7,800 Accounts payable 31,000 20,600 Accounts receivable 15,800 Notes payable 26,500 53,400 64,250 Inventory 77,000 $107,500 Total 67,000 179,250 Tota Long-term debt 46,000 40,000 Owners' equity Common stock and paid-in surplus 50,000 50,000 237,000 Retained earnings 330,750 Total $287,000 $380,750 Net plant and equipment $323,000 $392,500 $400,000 $400,000 $500,000 $500,000 Total assets Total liabilities and owners' equity
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